Agenda - 10-05-1987 - Laserfiche WebLink

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s■ Scotland, and Wilson 0.98 Ashen Bertie, Franklin, Hoke, Lincoln, Montgomery, and Warren 0.97 Wayne, Clay, Madison. Sampson, Wake, Lee, and Forsyth 0.96 Caswell, Gates. Mitchell, and Greene 0.95 Currituck and Guilford 0.94 Davie and Nash 0.93 Rowan and Camden 0.92 Jones 0.90 Mecklenburg 0.89 Lenoir 0.88 Columbus 0.81 (c) Distribution Between Counties and Cities. The amount dist1iLut4J to u allocated to each taxing county shall then be divided among the county and its municipalities in accordance with the method by which the one percent (1%) sales and use taxes levied in that county pursuant to Article 39 of this Chapter or Chapter 1096 of the 1967 Session Laws are distributed. If any taxes levied under this Article by a county have not been collected in that county for a full quarter because of the levy or repeal of the taxes; the Secretary shall distribute a pro rata share to that county for that quarter based on the number of months the taxes were collected in that county during the quarter." Sec. 7. G.S. 105-493 reads as rewritten: "§ 105-493. Distribution of taxes. The Secretary shall, on a quarterly basis, diJtl allocate the net proceeds of any one-half percent (1/2%) sales and use taxes levied under this Article in accordance with G.S. 105-486. For purposes of the dist.ibutiui& allocation under G.S. 105-486, a county that levies one-half percent �- (1/2%) sales and use taxes under this Article is considered a taxing county under that section. To make the disc,iLuiiun allocation required by G.S. 105-486 and this section, the Secretary shall add the net proceeds of local sales and use taxes levied under Article 40 of this Chapter and under this Article, and shall then distiibut4. allocate this amount to the taxing counties on a per capita basis as provided in G.S. 105-486. The amount di-,t.ibutLd allocated to•a county that levies one-half percent (1/2%) sales and use taxes under this Article shall be adjusted by multiplying it by the appropriate adjustment factor set out in the table in G.S. 105-486(b) and then divided among the county and its municipalities on either a per capita or an ad valorem tax basis, as designated by the board of county commissioners in a resolution adopted pursuant to G.S. 105-472. If any taxes levied under this Article by a county have not been collected in that county for a full quarter because of the levy or repeal of the taxes, the Secretary shall distribute a pro rata share to that county for that quarter based on the number of months the taxes were collected in that county during the quarter." Sec. 8. G.S. 105-501 reads as rewritten: "§ 105-501. Distribution of additional taxes. The Secretary shall, on a quarterly basis, distiibut.. allocate the net proceeds of the additional one-half percent (1/2%) sales and use taxes levied under this Article to the taxing counties on a per capita basis according to the most recent annual population estimates certified to the Secretary by the State Budget Officer. The Secretary shall then adjust the amount allocated to each county by multiplying the amount by the appropriate adjustment factor set out in the tahle in G.S. 105-486(h). The amount LhstliLut...d to a allocated to each taxing county shall then be divided among the county and the municipalities located in the county in accordance with the method by which the one percent (1%) sales and use taxes levied in that county pursuant to Article 39 of this Chapter or Chapter 1096 of the 1967 Session Laws are distributed. Senate Bill 944 3